Adolf Hitler Blamed the Jews for All of Germany's Problems and the Republicans Blame Blacks for America's Financial Woes

In the United States’ anemic political climate, is George Bush and Treasury Secretary Paulson telling the truth to the American electorate about the obscene 700 billion dollar bail-out and purported financial crisis on Wall Street and Main Street? Have the American people been duped by Bush, Paulson and McCain with this extortion bail-out? Show me the evidentiary proof and facts to support the Bush/Paulson position. Or is this just a Republican ploy to give more socialized (capitalism) corporate welfare to Bush’s, Paulson’s and McCain’s friends and cronies on Wall Street while 90 % of all Americans are left to fend and survive in the tumultuous free market trickle-down capitalism. The Republicans wrongly and inaccurately blame the current financial dilemma on the Clinton Administration and the Democrats. Furthermore, the Republican pundits and the Republican members of Congress such as the racist Michele Bachmann of the 6th District of Minnesota, Republican voters and the powerbrokers in the Party of Lincoln state that in 1999 the Clinton Administration put undue pressure on Fannie Mae and Freddie Mac to relax lending standards so that more racial minorities and lower income people could buy homes. The Republican arguments are flawed and inaccurate because of the following:
1. President Bush inherited a budget surplus from the Clinton Administration and Bush used up that surplus in the first nine months of his first term.
2. Fannie Mae and Freddie Mac weren’t compelled to issue sub-prime mortgages. Instead, Freddie and Fannie invested millions in Congressional lobbyists such as McCain’s campaign manager, Rick Davis and other McCain lobbyists who worked in concert with John McCain on the Hill to ensure that stricter regulations with oversight were not passed. Thus most of the lobbyists were paid to curry favor with Republicans who controlled Congress until 2006. (Check factcheck.org).
3. The Republicans and some misguided and uninformed Democrats and Independents state that the majority of sub-prime mortgages were issued to Blacks/Hispanics or lower income people. They were not. That is a blatant fallacy and those assertions are based upon unadulterated racism and scapegoating. Instead, the sub-prime mortgages were issued primarily in areas where housing prices had escalated sharply and many home buyers on Main Street (at all income levels) could not get a prime mortgage because they did not have the necessary minimal down payment or income to qualify.
What we have in the instant case is a classic Republican attempt to shift the blame away from the corrupt, inept Bush administration and the do-nothing Republican Congress led by John McCain and Phil Gramm who advocated and lobbied for the deregulation and lax oversight at every fork in the road.
Was the Communist Lenin right? It was Nicolai Lenin who said that people always have been and they will always be stupid victims of deceit and self-deception in politics, until they learn behind every kind of moral, religious, political, social phrase, declaration and promise to seek out the interests of this or that class or classes.